The narrative around this round of big tech layoffs seems wrong.

The article opens:

> Since the start of 2023, more than 150,000 people have been laid off at tech companies, large and small. That’s a staggering number of people who have been put out of work.

Who says those people have been put out of work? There are lots of startups that have wanted to hire engineers that couldn't because the FAMAG paycheck money firehose made it nigh impossible.

These people are mostly not going to be out of work. Most of them will still be earning way more than almost anyone in the country.

This is a good thing for startups, as now the (frankly anticompetitive) big tech hiring practices are getting rolled back to sane levels.